Total liabilities and equity$436, 600MARJORAM COMPANYIncome StatementFor the Year ended December 31, 2021SalesCest of geods soldGress profitOperating expensesOperating 1ACOmeEaterest expenseRCOme before income taxTecome tax expenseNet income$719, 000427, 400$291, 600167,400$124, 20010, 500113, 70034, 11079, 590Required:Compute the return on shareholders equity ratio for Marjoram Company (Round your percentage answer tO nearest whole percentReturm on shareholders equity The condensed balance sheet and income statement for Marjoram Company are presented below.MARJORAM COMPANYBalance SheetAt December 31, 2021CashNotes receivable (due August 15, 2022)Accounts receivable (net)Merchandise inventoryProperty, plant, and equipment (net)Intangible assets$ 19,50030,00048,60070,900255, 00012,600Total assets$436, 600Current liabilitiesBonds payable(10%) (long-term)Common stockRetained earningsTotal liabilities and equity$104,000105, 00071,000156, 600$436, 600MARJORAM COMPANYIncome StatementFor the Year ended December 31, 2021SalesCost of goods soldGross profitOperating expensesOperating incomeInterest expense$719,000427, 400$291,600167, 400$124, 20010,500

Name: Total liabilities and equity$436, 600MARJORAM COMPANYIncome Statement
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Description: Total liabilities and equity$436, 600MARJORAM COMPANYIncome StatementFor the Year ended December 31, 2021SalesCest of geods soldGress profitOperating expensesOperating 1ACOmeEaterest expenseRCOme before income taxTecome tax expenseNet income$719, 00

Shareholder return on equity measures how much the company is returning to its owners through net…

Business

Accounting

Total liabilities and equity MARJORAM COMPANY Income Stat ement For the Year ended December 31, 2021 Sales Cost of goods sold Gross profił Operating expenses operating IACOME Esterest expense TACONE before income tax. Tncone ta expense Net income $719, 000 427, 400 $291, 600 167, 400 $124, 200 10, 500 5113, 700 34, 110 S 79, 590 Required Compute the returm on shareholders equity ratio for Marjoram Conmpany (Round your percentage answer tO nearest whole percer Return on shareholders equity

Total liabilities and equity MARJORAM COMPANY Income Stat ement For the Year ended December 31, 2021 Sales Cost of goods sold Gross profił Operating expenses operating IACOME Esterest expense TACONE before income tax. Tncone ta expense Net income $719, 000 427, 400 $291, 600 167, 400 $124, 200 10, 500 5113, 700 34, 110 S 79, 590 Required Compute the returm on shareholders equity ratio for Marjoram Conmpany (Round your percentage answer tO nearest whole percer Return on shareholders equity

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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OFFON

Total liabilities and equity
$436, 600
MARJORAM COMPANY
Income Statement
For the Year ended December 31, 2021
Sales
Cest of geods sold
Gress profit
Operating expenses
Operating 1ACOme
Eaterest expense
RCOme before income tax
Tecome tax expense
Net income
$719, 000
427, 400
$291, 600
167,400
$124, 200
10, 500
113, 700
34, 110
79, 590
Required:
Compute the return on shareholders equity ratio for Marjoram Company (Round your percentage answer tO nearest whole percent
Returm on shareholders equity

The condensed balance sheet and income statement for Marjoram Company are presented below.
MARJORAM COMPANY
Balance Sheet
At December 31, 2021
Cash
Notes receivable (due August 15, 2022)
Accounts receivable (net)
Merchandise inventory
Property, plant, and equipment (net)
Intangible assets
$ 19,500
30,000
48,600
70,900
255, 000
12,600
Total assets
$436, 600
Current liabilities
Bonds payable(10%) (long-term)
Common stock
Retained earnings
Total liabilities and equity
$104,000
105, 000
71,000
156, 600
$436, 600
MARJORAM COMPANY
Income Statement
For the Year ended December 31, 2021
Sales
Cost of goods sold
Gross profit
Operating expenses
Operating income
Interest expense
$719,000
427, 400
$291,600
167, 400
$124, 200
10,500

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